The US Demanded That Europeans Accelerate Their Transition To 'NATO 3.0'

Russia & Ukraine Exchange 350 POWs As Orthodox Easter Truce Holds The rare Russia-Ukraine Orthodox Easter truce is already bearing much positive fruit, as both sides have on Saturday confirmed a massive POW swap involving 350 captives. In a press release, the Russian Ministry of Defense said that "175 Russian service members were returned from territory controlled by the Kiev regime, while in exchange, 175 Ukrainian Armed Forces prisoners of war were handed over." via Associated Press Additionally, the ministry announced that seven civilians from Kursk Region - who are believed to be the last...

Dallas Fed Mfg Activity Holds Near One Year High Despite Plunge In Respondent Sentiment On Iran War The Dallas Fed Manufacturing Index continues to straddle the unchanged line, and despite a tiny dip from 0.2 in February, the highest print since July, to -0.2 in March, just below the 1.5 median estimate, the index remained near the highest level in a year and absent a modest and brief, post-Trump election spike, this remains one of the highest prints since mid-2022. Curiously, the headline index barely dropped even though most index components...

WTI Extends Losses After Biggest Crude Build In 3 Years Oil prices are sliding this morning following as an over-supplied market (API reported a huge 11.4mm barrel build last week) beats the geopolitical risk premia (with the US poised to attack Iran). "Iran, rather than backing down and agreeing to all and any term [U.S. President Trump] is placing on the table (as he had expected), is instead daring him to attack. "Just you try it and you will see what you will get!" is kind of what Iran implicitly said...